SeaCrest Wealth Management LLC Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

SeaCrest Wealth Management LLC boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,576 shares of the basic materials company’s stock after acquiring an additional 222 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in DuPont de Nemours were worth $790,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Level Four Advisory Services LLC increased its holdings in DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 129 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 132 shares during the last quarter. Hancock Whitney Corp increased its holdings in DuPont de Nemours by 2.6% during the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock worth $429,000 after purchasing an additional 143 shares during the last quarter. Howard Capital Management Inc. increased its holdings in DuPont de Nemours by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 144 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in DuPont de Nemours by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.1%

Shares of DD stock opened at $68.16 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The stock has a fifty day moving average of $65.07 and a two-hundred day moving average of $73.96. The firm has a market capitalization of $28.52 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.41%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -863.16%.

Analyst Upgrades and Downgrades

DD has been the subject of several research reports. Morgan Stanley decreased their target price on DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, May 5th. Barclays decreased their target price on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada decreased their target price on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $85.92.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.